Question: Coesider a $ 5 0 0 , 0 0 0 , 8 % , 3 0 - year, constant amortization mortgage ( CAM ) with

Coesider a $500,000,8%,30-year, constant amortization mortgage (CAM) with monthly payments. Compute the loan balance after the first month's payment.
Excel Link: Excel Sheet xlsx
$500,000
$496,667
$483,333
$458,611
Coesider a $ 5 0 0 , 0 0 0 , 8 % , 3 0 - year,

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